Value of 1895 Silver Morgan Dollar

Value of 1895 Morgan Silver Dollar

No silver dollar coinage for circulation was struck this year at the Philadelphia Mint. Striking was limited to 880 Proofs. With such a low production amount, the 1895 Morgan Silver Dollar is by far the rarest date in the Morgan dollar series and will be worth the most. Most of the Proofs that remain today are cherished by numismatists. The dollars are well struck with medium contrast between the devices and the mirrored fields, with satiny high spots. Over the years, the 1895 dollar has been the key to the Morgan dollar set. For many years a production of 12,000 was given for circulation strikes. This was found to be incorrect via research in the 1980s and early 1990s. In 2016 John Dannreuther located Mint documents stating that although dies had been prepared, no coins were struck for commerce. Perhaps 600 to 650 or so Proofs of the date remain for today’s collectors, and many of those are nicely preserved. Amazingly and inexplicably, five different die combinations were used! The strike is usually strong and there should be some cameo contrast in the coin you choose. This rarity was sold in silver Proof sets of the date that also included the Barber dime, quarter, and half. This is the key date, the demand is high at all times, and you won’t find specimens with any regularity. Indeed, nearly all the examples sold in recent memory were through the auction venue. When the right coin presents itself, jump at the opportunity!
Always a Great Addition to Any High Value Collection: An occasional circulated Proof of the date can be found, but even these bring enormous premiums in the marketplace owing to the great demand for this Proof-only date.
You Won’t Find Any of These $1 Coins on the Market: None were produced, though for decades the Guide Book carried the figure of 12,000 pieces-these were probably of another date if, indeed, they were struck at all.

The obverse text on the Morgan Dollar reads “Liberty; E Pluribus Unum; 1895.” The reverse text on the Liberty dollar reads “United States of America; In God We Trust; One Dollar.” The obverse of the silver one dollar coin has a bust of a female facing the left wearing a cap and small crown, with flowers tucked in her hair and stars surrounding the border. The reverse of the Morgan Dollar has an eagle in the center with its wings spread and a wreath surrounding.

The Morgan Dollar series is very popular among collectors. If you have a Morgan (Liberty) Dollar that you would like to sell, please contact our experts at Coinappraiser.com and they would be happy to help you. We run rare coin auctions and will find your treasured coin a home where it will be valued. Additionally, if you keep asking yourself: “What is my coin worth” then we invite you to use our online coin price guide. Contact us today to sell your coin!